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#Business ID: 12901

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Foreign Auto Repair/Real Estate Owner To Hold Mortgage W/dwn @6% Interest

Business Location: Close To Norwood-Dedham, Norfolk, Massachusetts, United States

Asking Price: $ 650,000 Revenue: $ 515,698 Cash Flow: not disclosed

[Furniture / Fixtures and Inventory / Stock included]
[Real Estate Included]

Business Summary

The Company has an outstanding reputation for servicing well over 30 different types of foreign vehicles. However, the facility is in prime move in condition to handle other types of auto service. The owner has built a specialized and customized automotive service facility for imported cars. Holds a used car license & all necessary permits.

Success Environmental 21-E completed! The advantage of the purchase for a young buyer is that the owner will hold the mortgage - with 20% down @ 6% interest - amortized for 30 years with a balloon payment after 5 years.

The real estate sits on a very main thoroughfare. It is easily accessed from routes 128,1 and 95. The Company uses all of the 10,125 square feet of operational space. There are 3 double bays, office space, counter, reception area, lot that is large enough to hold the used cars for sale. Excellent frontage.

Property Details

Size:

10,125 square feet

Property Type:

Real

FF&E:

$ 78,000

Inventory Value:

$ 2,015

Real Estate Value:

$ 500,000

Other Business Details

Expansion Potential:

There is definitely room for expansion particularly in utilizing the used car license - owners have not marketed for new business as they are satisfied with the work volume that takes care of the financial needs. The average customer returns twice a year for full servicing. All repeat customers.

Business Operation Details

Support & Training:

As need for extremely smooth transition.

Miscellaneous Details

Financing Available:

Yes
Owner to Hold Mortgage/ 20% dn @6% interest- amortized for 30 yrs w/ball.

Reason For Selling:

Retirement - well over 65

Contact this seller

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